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Dec 28, 2012
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. >> bob coaching, right. >> the $1 trillion debt ceiling raised for $1 trillion of spending cuts, i think that's pretty good. i know we've heard it before. senator corker talked on the santelli exchange with me a week ago about it, but everyone is thinking about the debt ceiling, and i think that's where the meat is going to be, and the next three charts that we're showing are from august 5th of 2011 when s&p took away our aaa rating, and no matter how people remember it, the markets certainly didn't remember it at all. it didn't slow down the rally in the dollar, the stocks or any of the trade in the fixed income markets with yields dropping. >> we were talking about that issue on "street signs," rick. talking about andy brenner. the markets after a quick knee neck reaction kind of shrugged it off, right? >> i don't even remember. that's why i put it up. i heard andrew. i don't even remember a quick reaction the other way. it was totally ignored, and in some ways in stocks it was actually off to the markets. >> do you think the markets will be able to shrug it off again if it happe
. >> bob coaching, right. >> the $1 trillion debt ceiling raised for $1 trillion of spending cuts, i think that's pretty good. i know we've heard it before. senator corker talked on the santelli exchange with me a week ago about it, but everyone is thinking about the debt ceiling, and i think that's where the meat is going to be, and the next three charts that we're showing are from august 5th of 2011 when s&p took away our aaa rating, and no matter how people remember it, the...
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Dec 28, 2012
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. >> bob akard is from tampa, florida. he spent the holidays with his parents in rochester, new york. he's hoping to get to the airport on time. >> living in tampa isn't all bad at all. >> reporter: the storm is now moving into new england and into canada. forecasters say more snow could hit the east coast this weekend. edward larns for cbs news, new york. >>> here in new york police are searching for a woman who pushed man to his death in front of a subway. she had been following the man and mumbling yesterday. it's the second time this month a man has been pushed to his death in the new york subways. >> coming up in the news, fun real fund scam. a woman is accused of posing ass a relative of one of the children murdered in the connecticut school shooting. this is the "cbs morning news." 6 "cbs morning news." stronger, holds up better, and still a value you love. new angel soft®. now stronger than ever. ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell
. >> bob akard is from tampa, florida. he spent the holidays with his parents in rochester, new york. he's hoping to get to the airport on time. >> living in tampa isn't all bad at all. >> reporter: the storm is now moving into new england and into canada. forecasters say more snow could hit the east coast this weekend. edward larns for cbs news, new york. >>> here in new york police are searching for a woman who pushed man to his death in front of a subway. she had...
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Dec 28, 2012
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bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. . >>> another day, another step closer to the edge. talking about the fiscal cliff, of course. how are traders protecting themselves from the worst? let's find out from brian stoutman, an expert in hedging your portfolio against volatility. brian, good to have you with us. how are traders like yourself looking to protect themselves? >> well, certainly midday we saw options traders in the pit buying protection against their portfolio or shorting the market by buying some puts. what they did is went into the spiders, and we saw a purchase of about 5,000 puts of the 141 strength for 2.35. these options expire in two weeks so they are weekly type options and saw a lot of activity. the vix spiked extremely hard in
bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. . >>> another day, another step closer to the edge. talking about the fiscal cliff, of course. how are traders protecting themselves from the worst? let's find...
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Dec 28, 2012
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i wasn't being funny, bob. i know. to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous but i give florida the edge. right after mississippi. you mean alabama. say louisiana or there's no dessert. this invitation is brought to you by bp and all of us who call the gulf home. >>> a number ofec perts are saying small businesses will get hit the worst if
i wasn't being funny, bob. i know. to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone...
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Dec 28, 2012
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. >> let's go to the futures pits where bob iaccino is standing together. >> would you say chee-no, bob? >> would you like it in english or italian? >> iaccino. with that singing. >> wa part of italy, do you know? >> cosanza is the town. it's the foot of the boot. >> not a bad part of italy. >> no, there's really not. >> bob, help us here. >> i don't know if i can. >> you've got to. >> rise above, bob. >> just explain the volatility issue at a minimum. where do we go over the next two days of trading? we have today, we have monday and obviously we don't have tuesday. >> well, i don't know that we do a whole lot. i believe markets are just on the sidelines since before the start of the holidays for the most part. i believe there were some people holding out waiting for a fiscal cliff solution. i think we're going over the cliff, but we're grabbing one of those cartoon roots sticking out as we go over it. i think it will be a matter of days before just the political pressure of going over the cliff causes them to do about a 12-month deal. it's just -- i don't know. i hesitate to say the w
. >> let's go to the futures pits where bob iaccino is standing together. >> would you say chee-no, bob? >> would you like it in english or italian? >> iaccino. with that singing. >> wa part of italy, do you know? >> cosanza is the town. it's the foot of the boot. >> not a bad part of italy. >> no, there's really not. >> bob, help us here. >> i don't know if i can. >> you've got to. >> rise above, bob. >> just explain...
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Dec 28, 2012
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we did, bob. we did. got it. >>> well, washington's division and dysfunction threatened our economic recovery, some american cities are working their way back after decades of tough times. recently, i traveled to youngstown, ohio, and caught a glimpse of hope deep in the rust belt. >> this is your father's first restaurant? >> the first one. >> what street was it, do you remember? >> wick avenue. >> wick avenue. >> my grandmother's lived in youngstown, ohio, for more than 95 years. >> yes, i've seen it in many different phases. my grandfather came here from greece. he opened a restaurant, the american dream. >> but he taught himself english. he taught himself to read the newspaper, and he became a very successful businessman. as he would say, only in america. youngstown was prosperous, and downtown youngstown was really prosperous. it was wonderful to go to downtown youngstown and be all dressed up in gloves and hat and going in and out of the shops and having lunch downtown. it was exciting. >> but that
we did, bob. we did. got it. >>> well, washington's division and dysfunction threatened our economic recovery, some american cities are working their way back after decades of tough times. recently, i traveled to youngstown, ohio, and caught a glimpse of hope deep in the rust belt. >> this is your father's first restaurant? >> the first one. >> what street was it, do you remember? >> wick avenue. >> wick avenue. >> my grandmother's lived in...
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Dec 28, 2012
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i wasn't being funny, bob. i know. it's an awesome responsibility. i know right now i have the lives of over 150,000 americans, men and women, in my hands. i don't want to make a mistake. but i'm human, and i recognize that i might. and i worry about that. regardless of the outcome, when this whole thing is over, i can still say to myself, you can gave it your best shot, then that's got to be enough. >> morning. it's 8:00 a.m. on the east coast. 5:00 a.m. on the west coast as you take a look at new york city. back with us on set, brian sullivan. fortune magazine's leigh gallagher, reverend al sharpton, and richard wolffe in washington. obviously, that was general norman schwarzkopf on the screen who passed away yesterday. i have a lasting memory of general schwarzkopf who served in the war in vietnam as well as obviously gulf storm i. there was a woman from iowa, her name was peg mullan. she wrote a book about the death of her son, michael mullen. the name of the book was "friendly fire." and norman schwarzkopf was the battalion commander, then a ker
i wasn't being funny, bob. i know. it's an awesome responsibility. i know right now i have the lives of over 150,000 americans, men and women, in my hands. i don't want to make a mistake. but i'm human, and i recognize that i might. and i worry about that. regardless of the outcome, when this whole thing is over, i can still say to myself, you can gave it your best shot, then that's got to be enough. >> morning. it's 8:00 a.m. on the east coast. 5:00 a.m. on the west coast as you take a...
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Dec 28, 2012
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we did, bob. we did. got it. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> welcome back to "squawk on the street." a little bit of breaking news here regarding a potential strike at the ports. the parties have reached an agreement here. this is according to the deputy director for mediation services. it looks like it is going to be an additional extension of 30 days to work on some of the issues that they're dealing with. the container royalty payment was really the issue at stake. that has been agreed upon in principle by the parties subject to achieving an overall collective bargaining agreement. it looks like we'll have
we did, bob. we did. got it. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind....